09 August 2010
Stamp duty on share certificate is question of state Law.
First, check from where the share certificate is issued acordingly the state in which it is issued stamp duty of that state will be applicable.
In case certificate are issued from Bombay than stamp duty is 0.1% on value of condiseration i.e. market value of shares issued . Thus in ur case if cert. issued in Bombay than 0.1% of Issue Price i.e 10+990=1000.
In Bombay only Franking or eStamping is only means of paying stamp duty.
09 August 2010
Thanks Jagruti. Is equity and pref share format same ? Premium amount is required to be written on Share Certificate ? Where franking is done on SC, on the front or back side ?